Recent Posts

Pages: 1 2 3 [4] 5 6 7 ... 10
« Last post by ahbah on Today at 02:55:44 PM »
KUALA LUMPUR: Media giant Bloomberg has reported that Malaysian assets are back in favour as investors focus on encouraging signs of an economic turnaround, and that the ringgit is easily Asia's strongest currency.  :clap: :clap: :clap:
Equities / Re: I EAT ALCOM
« Last post by Oly Shyte on Today at 02:54:27 PM »
congrats!  :thumbsup:  :clap:
Next time got this type of lubang, take note ok!  :P ;) :handshake:
Equities / Re: Spot KLCI Index
« Last post by king on Today at 02:49:49 PM »

Equities / Re: Spot KLCI Index
« Last post by king on Today at 02:48:43 PM »

Equities / Re: Spot KLCI Index
« Last post by king on Today at 02:43:10 PM »

Equities / Re: MQTECH >> the 50 millions man keeps Collectingg......$
« Last post by DR KIM on Today at 02:33:50 PM »
 :clap: :clap: :clap: :thumbsup: :cash: :cash:

further  chiakkkkk.... :thumbsup: :) 8) 8) :cash:
Equities / Report: Ringgit strongest currency in Asia....GE 14 Anytime
« Last post by DR KIM on Today at 02:28:12 PM »
General Election 14   anytime   :clap: :clap: :cash: ;) 8)

The Malaysian ringgit has reportedly become, by far the strongest Asian currency, prompting speculation of an early election.

According to Bloomberg today, the ringgit has climbed more than twice as much this quarter compared to the next best currency - the Chinese Renminbi - despite the 1MDB scandal.

“The stark shift means that Prime Minister Najib Abdul Razak, who has weathered political attacks and protests going back to 2015, over allegations involving state-owned 1MDB, may call an early election to cement his hold on power,” the report said.

It quoted Hong Kong-based fund manager Alan Richardson as saying that Samsung Asset Management is buying Malaysian banking, property, and construction stocks in anticipation that the government would pump prime ahead of the election while paring down on technology and commodity-related holdings.

on the macro data with the support of global conditions and stable energy prices, we will keep our cautiously positive stance for Malaysia,” London-based Aksoy reportedly said.

Meanwhile, at Schroder Investment Management Ltd, Bloomberg said the firm favours the ringgit due to Malaysia’s positive outlook and believes that economic factors trump politics when it comes to investing in Malaysian bonds.

“Key considerations are improving fiscal dynamics, dynamics around central bank policy, attractive economic policies, sensitivity to developed market and China developments,” it’s fixed-income director Manu George reportedly said.

Equities / Re: ADVANCECON IPO >> TP 1.11
« Last post by DR KIM on Today at 02:24:46 PM »
Back from border, exhausted and now back to office !!
Early get the worm 859am !!

EARLY  BIRDS   >>  :clap: :clap: :thumbsup: :cash:
Equities / Re: FGVFGV
« Last post by king on Today at 02:23:24 PM »

 61 3 0 64
With GE14 in mind, Najib keeps lid on FGV turmoil
FMT Reporters | June 29, 2017
Malaysians are unhappy with recent scandals and the state of the economy, forcing the government to take measures to keep the situation, especially at FGV, under control, says report.

KUALA LUMPUR: The recent measures by the government to prop up troubled Felda Global Ventures has been done with the general election in mind, says a report.
With GE14 less than a year away, the government does not want problems at FGV to spiral out of control, according to the Nikkei Asian Review (NAR).
“(Prime Minister) Najib Razak’s intervention is also seen as a way to keep a lid on discontent among settlers who have seen their income shrink due to weak palm oil prices.
“Some who own shares in FGV have also been hurt by the sharp drop in share prices.”
FGV’s stock has fallen by two-thirds since it was listed in June 2012.
NAR quoted James Chin, a professor at the University of Tasmania in Australia, as saying Najib was worried about FGV becoming a political scandal before the election because about a quarter of all constituencies were in or near Felda settlements.
The NAR reported that expectations had been high when Zakaria Arshad was appointed president of FGV a year ago, as net profit at the state-backed plantation operator had slid from RM981 million in 2013 to RM117 million in 2015, largely due to lower crude palm oil prices.
However, FGV appears to be in more trouble than ever, with a tussle at the highest levels of the company, which led to Zakaria, and three other senior executives, being asked by the FGV board to go on forced leave pending an investigation into alleged irregularities involving subsidiary Delima Oil Products Sdn Bhd.
FGV is 34% owned by the Federal Land Development Authority or Felda, which was set up to distribute agricultural land to ethnic Malays under a poverty elimination programme, says the NAR report.
About 112,000 Felda settlers nationwide continue to benefit from state handouts in the form of subsidised fertiliser and low-interest loans and this has helped ensure the ruling party’s control in rural constituencies.
Najib’s office reacted swiftly to the FGV boardroom tussle by removing chairman Isa Samad. The Malaysian Anti-Corruption Commission has begun a probe into mismanagement at FGV.
NAR noted, though, that Isa was immediately appointed to head the Land Public Transport Commission and that the transfer went ahead despite an ongoing corruption and abuse of power probe of Isa and his wife.
It said the turmoil at FGV came at a time when public sentiment towards state-backed companies was at a low ebb, particularly due to the bailout of loss-making Malaysia Airlines in 2014, and mismanagement at sovereign wealth fund 1Malaysia Development Berhad and, more recently, at Proton Holdings.
NAR reported that public support for the government’s handling of the economy was at 24% in March, an improvement over the 17% recorded a year earlier, according to a poll conducted by the Merdeka Center for Opinion Research.
Even then, it shows that many Malaysians are not satisfied with the state of the economy, especially with rising prices.
S&P Global Ratings had said on June 22 that the political challenges stemming from the corruption allegations at 1MDB could pose problems for Malaysia’s sovereign rating over the near to medium term.
However, NAR noted, * were still predicting a win for the ruling Barisan Nasional because the opposition coalition remains fragmented.
“For Najib, whose image has been tarnished by the scandal at 1MDB, the margin of victory must be large to be taken as a sign of a new popular mandate. If not, he risks being booted out by his own party,” said the NAR report.
Equities / Re: FGVFGV
« Last post by king on Today at 02:02:29 PM »



Bandar Malaysia
Select Language​▼
Suspended FGV CEO Zakaria submits show-cause reply, meets deadline
Sangeetha Amarthalingam

June 29, 2017 13:23 pm MYT
KUALA LUMPUR (June 29): Meeting the noon deadline, Felda Global Ventures Holdings Bhd's (FGV) suspended president and chief executive officer Datuk Zakaria Arshad submitted his reply to a show-cause letter today.

According to FGV, Zakaria's brother Maulud Arshad handed the reply to group company secretary Koo Shuang Yen at 11.30am.

"The reply relates to the show-cause letter to the long outstanding debt of Safitex Trading LLC with FGV's subsidiary Delima Oil Products Sdn Bhd," said an FGV spokesperson.

Zakaria's reply comes after being postponed twice from the original June 20, 4.30pm deadline to today. He appealed for an extension till June 30 which FGV initially refused before relenting.

In the meantime, suspended chief financial officer Ahmad Tifli Mohd Talha gave his reply on June 20 to a similar show-cause letter.

According to FGV, both directors will continue to be on leave of absence until further notice.

Zakaria, Ahmad Tifli, FGV Trading Sdn Bhd CEO Ahmad Salman Omar and Delima Oil Products senior general manager Kamarzaman Abd Karim were suspended and given leave of absence from June 20 while awaiting the results of an inquiry concerning deals under Delima Oil Products.

In that period, Tan Sri Isa Samad resigned as FGV chairman and was reassigned as acting chairman for the Land Public Transport Commission (SPAD). He had also given statements to the Malaysian Anti-Corruption Commission.

At 12.30pm, FGV's share price remained unchanged at RM1.71 with 1.58 million shares done for a market capitalisation of RM6.23 billion
Pages: 1 2 3 [4] 5 6 7 ... 10